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Negotiations between the sides have been going on for 2 decades, with members of the Mercosur trade bloc meeting once again.

We'll hear the latest from the talks in Argentina and why deforestation and beef wars remain hurdles ahead.

Will Bain discusses this and more with senior freelance reporter Karen Percy in Melbourne, Australia and Sergio Guzman, Director of Colombia Risk Analysis, a political risk consulting firm based in Bogot谩.

(Picture: Brazil's President Luiz Inacio Lula da Silva and his Argentine counterpart Alberto Fernandez attend a summit of leaders of the Mercosur group, in Puerto Iguazu, Argentina July 4, 2023. Credit: Maria Eugenia Cerutti/Argentine Presidency/Handout)